A principal of $790 grew to $1000 in 14 months. What annual rate of simple interest was earned?
A) 1.89%
B) 15.23%
C) 9.67%
D) 18.00%
E) 22.78%

Name: A principal of $790 grew to $1000 in 14 months. What annual rate of simple interest was earned? A) 1.89% B) 15.23% C) 9.67% D) 18.00% E) 22.78%
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

The Answer of A principal of $790 grew to $1000 in 14 months. What annual rate of simple interest was earned?
A) 1.89%
B) 15.23%
C) 9.67%
D) 18.00%
E) 22.78%

A Principal of $790 Grew to $1000 in 14 Months